Work will include public and private improvements on a 21-acre, 162-lot development between the Galveston Country Club and Galveston Island State Park. When complete, the property will have an estimated taxable value of $160 million.

The development’s first phase will include 11 waterfront town houses; a second-level private deck and swimming pool; and 67 covered boat slips.

Public infrastructure is being funded by a city-authorized Public Improvement District. The district allows the Edwards to use tax-exempt bonds to build more than $7 million in public improvements. The development will have $9 million in privately funded amenities.